There is an application for Android - Cardboard Camera. It allows you to make 360 VR photos. In it you can see the panarama and it really is 3d VR. Would like Go Pro VR Player to be able to read similar Panarams and show in 3D. Moreover, such a thing already works somehow, but it is not entirely correct.

It seems to support just need to keep the proportions of the photo (do not stretch the whole circle, because the pictures do not have floor and sky)